TTS Group ASA has, through its subsidiary TTS Marine AB in Gothenburg, signed two separate contracts with Hyundai Heavy Industries in South Korea worth approx $19.7 million.
The new agreements concern delivery of Cargo Access Equipment for two new Post-Panamax Car Carriers under construction, as well as an increased scope of supply for an existing contract with the Hyundai Group.
All deliveries will be completed during 2015.
The contracts have been signed only a few weeks after TTS Group ASA announced delivery of four ship-sets of cargo access equipment for four post-Panamax car carriers, worth a total of $34.8 million.
TTS, April 25, 2014